Steel Plant Restarting Due to Trump's Proposed Tariffs

In this March 25, 2015 photo, unidentified workers leave during a shift change at US Steel Corp's Granite City Works in Granite City, Illinois. (AP Photo/St. Louis Post-Dispatch, Huy Mach)

(Newser)
–
US Steel Corp says it will soon restart a blast furnace in Illinois that has been cold for over two years thanks to the 25% tariff on imported steel announced by President Trump last week, Politico reports. US Steel President David Burritt blames "unending waves of unfairly traded steel products" arriving in the US for the poor fortunes of steel workers in Granite City. He believes the planned tariff will turn that around. Restarting the blast furnace at Granite City Works will take up to four months. And while some believe Trump's tariffs on steel and aluminum will be political winners, many experts are predicting harm to the US economy. Here's what you need to know:

"Steel Plant Restarting Due to Trump's Proposed Tariffs... ...But experts still predict damage to US economy" This article reads a lot like one posted reluctantly to fill a quota.

vandyman

Mar 8, 2018 7:32 AM CST

The stock market, the Koch bros, Paul Ryan, the International Monetary fund and the World Trade Organization are all opposed to the tariffs...I can support any tariff so long as the global cabal of aristocrats who profit from WS, KB, PR, IMF and the WTO are opposed to them!

anamac

Mar 8, 2018 6:25 AM CST

So he gave everyone a few extra bucks in their paychecks with his tax scam...er..I mean bill. Now the price of many items go up and there goes that few extra bucks and then some. Poof! All that money is gone....and the rich keep getting richer. What a great businessman he is!!